POSCO Holdings Inc. (NYSE:PKX - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 386,883 shares changed hands during mid-day trading, an increase of 66% from the previous session's volume of 233,027 shares.The stock last traded at $43.01 and had previously closed at $44.41.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut POSCO from a "buy" rating to a "hold" rating in a research note on Thursday, January 2nd.
Check Out Our Latest Report on PKX
POSCO Stock Performance
The stock has a 50-day moving average price of $47.17 and a 200 day moving average price of $51.00. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.14 and a beta of 1.33. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.
Institutional Investors Weigh In On POSCO
Several institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its stake in POSCO by 4.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company's stock valued at $271,000 after buying an additional 249 shares in the last quarter. Gilman Hill Asset Management LLC raised its position in shares of POSCO by 2.5% during the 1st quarter. Gilman Hill Asset Management LLC now owns 21,564 shares of the basic materials company's stock worth $1,025,000 after acquiring an additional 535 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in POSCO by 13.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company's stock worth $243,000 after purchasing an additional 645 shares during the last quarter. Parvin Asset Management LLC acquired a new position in POSCO in the fourth quarter valued at approximately $29,000. Finally, Avior Wealth Management LLC increased its stake in POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after purchasing an additional 735 shares during the last quarter.
About POSCO
(
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POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.
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